Hear NAB’s senior expert panellists discuss a range of topics to provide key insights to help you and your business prepare for the current property market climate.
August 17, 2015
United States Economic Update – 14 August 2015
Economic growth strengthened in the June quarter and is set to remain above its long-term trend rate. The Fed is likely to raise rates this year. We expect this to start in September although it could easily be delayed. Subsequent rate hikes will occur at a slow pace by past standards.
Key Points
- Economic growth strengthened in the June quarter, and is set to remain above its long-term trend rate.
- The Fed is likely to raise rates this year. We expect this to start in September although it could easily be delayed. Subsequent rate hikes will occur at a slow pace by past standards.
- The neutral fed funds rate, and the likely peak fed funds rate in this cycle, are lower than in the past.
For further details please see the attached document.
